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Cable Update (GBPUSD)

  • #376,521
  • May 8, 2014 4:14am May 8, 2014 4:14am
Quoting ruffryders
{quote} Short UZ you earn negative interest, I think you got it messed up bro.
Swop long -18.765
Swop short 11.201
Contract size 100000
  • #376,522
  • May 8, 2014 4:15am May 8, 2014 4:15am
Quoting ruffryders
{quote} Short UZ you earn negative interest, I think you got it messed up bro.
@ruffryders:

Short USD/ZAR you earn positive interest

Please double check and repost a short USD/ZAR image

HDA OUT
  • #376,523
  • May 8, 2014 4:22am May 8, 2014 4:22am
Quoting tweezer
I'm seeing strength in CAD. Currently holding GBPCAD short since last week despite the sudden spike. This is a daily chart with simple indicators- The up move has slowed down dramatically faced with strong resistance and the cloud is indicating signs of bull weakness {image}
@tweezer:

Remember the market doesn't move in a straight line As the market moves it waves UP and it waves DOWN

There is money to be made, buying and selling the pair.

I remain long, GBP/CAD to 1.9000

Lets See What Happens



HDA OUT
  • #376,524
  • May 8, 2014 4:25am May 8, 2014 4:25am
Quoting GDR3k
{quote} What made you hold the lower entries for so long?
Well I used to scalp the market which I was pretty good at, built up my account from 500 dollars to 4000 dollars in a few months didnt think that was bad for a beginner, but then I got on some long runs and changed my trading, and ended up in this situation

I suppose its a good learning curve for me, will not run without a SL in place again.

what also did not help, I went to turkey on a two week holiday in turkey they block you from using any kind of betting sites because its illegal so after going on the site a few time to keep a eye on my trades they blocked me. ha ha
  • #376,525
  • May 8, 2014 4:28am May 8, 2014 4:28am
Quoting albchr
{quote} Can't think of anyone ... hehe... Good morning Elbert
see the motto worked red over white good night mm white over red ,,,,,,, can you fill it in ?? lol morning just going out people here from jersey ,,
  • #376,526
  • May 8, 2014 4:29am May 8, 2014 4:29am
Quoting littlecraig
{quote} Well I used to scalp the market which I was pretty good at, built up my account from 500 dollars to 4000 dollars in a few months didnt think that was bad for a beginner, but then I got on some long runs and changed my trading, and ended up in this situation I suppose its a good learning curve for me, will not run without a SL in place again.
Ahh, I'm the opposite, I used to trade longer term but now I just scalp using the higher timeframe candles & open/close prices.
  • #376,527
  • May 8, 2014 4:29am May 8, 2014 4:29am
Quoting littlecraig
{quote} Well I used to scalp the market which I was pretty good at, built up my account from 500 dollars to 4000 dollars in a few months didnt think that was bad for a beginner, but then I got on some long runs and changed my trading, and ended up in this situation I suppose its a good learning curve for me, will not run without a SL in place again.
@littlecraig:

Learning is a change in one's behaviour, you are going to do just fine in this business.



HDA OUT
  • #376,528
  • May 8, 2014 4:33am May 8, 2014 4:33am
Quoting HDA
{quote} @ruffryders: Short USD/ZAR you earn positive interest Please double check and repost a short USD/ZAR image HDA OUT
Ok, HDA, Jimmy, agreed, I f***cked up, quite obviously, by shorting USD/ZAR you are LONG ZAR against the USD, so that does make sense.
I kinda made an analogy with ZARJPY, where you earn carry, by getting LONG. No point arguing also, since it's yous guys currency anyway.
  • #376,529
  • May 8, 2014 4:34am May 8, 2014 4:34am
GU 1H chart- Failed to break above and outside of cloud?
Attached Image (click to enlarge)
Click to Enlarge Name: GU1h.JPG Size: 126 KB
  • #376,530
  • May 8, 2014 4:37am May 8, 2014 4:37am
Quoting ruffryders
{quote} Ok, HDA, Jimmy, agreed, I f***cked up, quite obviously, by shorting USD/ZAR you are LONG ZAR against the USD, so that does make sense. I kinda made an analogy with ZARJPY, where you earn carry, by getting LONG. No point arguing also, since it's yous guys currency anyway.
@ruffryders:

We all make mistakes and we are here to support each other. No harm done.

Thanks for sharing



HDA OUT
  • #376,531
  • May 8, 2014 4:39am May 8, 2014 4:39am
Quoting ruffryders
{quote} Ok, HDA, Jimmy, agreed, I f***cked up, quite obviously, by shorting USD/ZAR you are LONG ZAR against the USD, so that does make sense. I kinda made an analogy with ZARJPY, where you earn carry, by getting LONG. No point arguing also, since it's yous guys currency anyway.
No worries M8
  • #376,532
  • May 8, 2014 4:43am May 8, 2014 4:43am
DX Daily

getting interesting
Attached Image (click to enlarge)
Click to Enlarge Name: US Dollar Basket (JUN-14) Dax.png Size: 23 KB


FTSE -> very bullish
Attached Image (click to enlarge)
Click to Enlarge Name: FTSE 100 (MAY-14) 1H.png Size: 32 KB
  • #376,533
  • May 8, 2014 4:46am May 8, 2014 4:46am
Gidday Little Craig

Important part, you still have your

start up balance.

It sounds like you are still in front

which is good.

You could be out 1500 pips if this bust through 1.70

See if it retraces at 1.70

Not easy losing profit

but worse losing your start up funds
  • #376,534
  • May 8, 2014 4:48am May 8, 2014 4:48am
Quoting JimmyC
{quote} No worries M8
Jimmy, thanks bro! So assume we sold 10 mln units, the overnight swap would be 1K, right? Interest is accumulated only during 5 trading sessions, no overnight swaps during weekends?

thanks!
  • #376,535
  • May 8, 2014 4:49am May 8, 2014 4:49am
GU 1H

Note the channel is still being respected. 50 sma acting as dynamic resistance... 1H to data release
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H.png Size: 33 KB
  • #376,536
  • May 8, 2014 4:51am May 8, 2014 4:51am
Quoting JimmyC
GU 1H Note the channel is still being respected. 50 sma acting as dynamic resistance... 1H to data release {image}
well, EU is on a verge of breakout now.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
  • #376,537
  • May 8, 2014 4:55am May 8, 2014 4:55am
Quoting tweezer
GU 1H chart- Failed to break above and outside of cloud? {image}
That is late it will come!
Anything is math!
  • #376,538
  • May 8, 2014 4:57am May 8, 2014 4:57am
Quoting ruffryders
{quote} Jimmy, thanks bro! So assume we sold 10 mln units, the overnight swap would be 1K, right? Interest is accumulated only during 5 trading sessions, no overnight swaps during weekends? thanks!
Jimmy, HDA, is that the right calc below for 24h hold period?
Attached Image
  • #376,539
  • May 8, 2014 5:00am May 8, 2014 5:00am
Quoting JimmyC
{quote} GU Monthly -> wait for the flames <- Actions taken by any traders private and or institutional are there own, this chart is neither a solicitation to trade nor should it be taken as financial advice. Past performance is not a guarantee of future performance, Be calm {image}
To hell with that, you're the man JC! Praise the word


Lol would be fun if there were some FX tutors that were more like those crazed preachers:
Inserted Video


The power of JC compels me!
  • #376,540
  • May 8, 2014 5:03am May 8, 2014 5:03am
Quoting ruffryders
{quote} Jimmy, HDA, is that the right calc below for 24h hold period? {image}
Close enough!
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